Institutional Real Estate Newsline
April 11, 2011: Vol. 19, Number 15Buy For $65.00 Add to Cart
U.S. Office Sector Gains Momentum in First Quarter
National office fundamentals are experiencing a continued upturn, reports Cassidy Turley, a U.S. commercial real estate services provider.
- Apartment REITs Complete Asset Exchange
Arab Financing Facility Aims to Raise $1 Billion for Infrastructure Investing
The World Bank, the International Finance Corp. and the Islamic Development Bank plan to be potential anchor investors for a new infrastructure fund, the Arab Financing Facility for Infrastructure (AFFI), in an effort to drive economic growth and meet the needs of a young and growing population.
Blackstone Closes $3.5 Billion Debt Strategies Fund
Blackstone Real Estate Debt Strategies (BREDS), the real estate debt investment business of The Blackstone Group, has closed Blackstone Real Estate Special Situations Fund II (BSSF II) with $3.5 billion of total equity commitments.
Chicago Municipal Approves Noncore Real Estate Search
The $5.3 billion Municipal Employees Annuity and Benefit Fund of Chicago approved a search for noncore real estate managers at its March 17 board meeting.
Homburg Canada REIT Acquires Stake in Scotia Centre for $116 Million
Homburg Canada Real Estate Investment Trust, a Canadian REIT, has agreed to acquire a 50 percent interest in the 607,360-square-foot Scotia Centre in Calgary, Alberta.